COST headed up from channel bottom

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COST will likely reach $315-$320 within the next two weeks. I believe this is the bottom before a swift run up to $312.5+ within the next 13 days. If you want to maximize profit from this move, I recommend buying the $310 calls expiring November 1st for around $0.50. (where they are right now)

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ملاحظة

COST broke below its channel an hour before close, so it looks like it'll bottom out at the bottom of its larger channel at $290 and create a wedge before breaking out in late November of early December.